There are number of measures being implemented by New Zealand’s government to prevent the formation of a properties bubble and to increase number of first home buyers. The government intends to remove tax incentives for investors to make speculation less attractive.
“Property investors are now the biggest share of buyers, with the highest amount of purchases on record. Last year, 15,000 people bought homes who already owned five or more.” prime Minister Jacinda Ardern said Tuesday in Wellington
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Michaela Merz 